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Credits: news review with LibDem Councillor for Knowle Gary Hopkins. Iceland's president Grimmson vindicated for refusing to pay debts and arresting bankers. Britain's deficit is getting worse as well as debt growing so what is the difference between Debt and Deficit? The government borrowed more than expected in November, Office for National Statistics data shows, reducing the chance that the government will meet its 2012/13 deficit reduction goal. Introduction from guest Gary Hopkins. Discussion about the new Bristol cabinet which is mostly LibDems so what has changed? News stories - Mayor George Ferguson has cancelled Speedwell Pool; new crisis loans from local government; who are George Ferguson's three advisers from KPMG and how much are they paid and where do their loyalties lie? Is the mayor a dictator? Does George know KPMG are under investigation for fraud by the competition commission; Office of Fair Trading report says there is no petrol price fixing by the oil cartels - 2/3 fuel cost is tax, Libor style fixing of wholesale oil prices, geo-political games; BBC's Stephanie Flanders interviews Chief Executive of Goldman Sachs Lloyd Blankfein at the World Economic Forum in Davos in Switzerland; clip of Ólafur Ragnar Grímsson, President of Iceland, about why Iceland's economy is flourishing after his judges arrested and jailed bankers; clip of at PMQ about UKs debt going up despite austerity measures - discussion about the economy, the deficit, and tax avoidance; the parasitic financial class are a cancer on British economic life, everyone is looking at each other as they start to go backwards down the up escalator and debts will never be paid off. First Great Western will not now have to compete for the Great Western rail franchise. Franchise rail contest will no longer take place, is this because First Group were caught out by Richard Branson's Virgin cheating over the West Coast main line franchise bid? PMQs about why won't Prime Minister David Cameron visit a food bank? Top police jobs may be opened up to anyone, including foreigners, like unsuccessful 'SuperCops' like LA California's Bill Bratton in the United States.